Walmart sells telehealth platform | Chain Store Age

Walmart has exited its MeMD telehealth business.

Walmart Inc. is scaling back into another area of ​​its healthcare operation.

The discount giant has sold its MeMD telehealth platform to healthcare technology company Fabric for an undisclosed sum. Walmart acquired MeMD in May 2021 as it seeks to keep pace with burgeoning telehealth offerings from chief rival Amazon.

MeMD provides virtual behavioral, urgent, and primary care benefits for 30,000 corporate, institutional, and health plan partners and 5 million members. The platform delivers care 24/7/365, and according to Fabric, it experienced “significant growth and expansion” under Walmart’s ownership.

The decision to sell off MeMD follows Walmart’s recent closure of its 51 Walmart Health clinics. Walmart launched Walmart Health in 2019. The centers were designed to allow patients to manage their health care in one location, with services that include dental, primary care, behavioral health, X-ray, labs and more. The clinics were located across five states: Arkansas, Florida, Georgia, Illinois and Texas.